Unregulated Forex brokerage Altrice Investment Co. Limited has just been added to the warning list of New Zealand Financial Markets Authority on suspicions it is involved in fraudulent activies.’
The official warning reads that the FMA suspects the brokerage of operating a scam and warns traders in New Zealand to exercise caution before dealing with them.
We have reviewed the brokerage which operates via the website altriceinvestment.com but does not disclose much information about itself besides a fraudulent claim regarding EU regulation. It attempts to present itself as a legitimate Forex brokerage but it most likely just another typical scam website. We have comes across several such websites with aand we remind readers that Forex brokers operating in Europe should be regulated and licensed by the legitimate, relevant European authorities. Furthermore, Altrice Investments appears to be anonymous which is probably the major sign of trouble.
As a rule of thumb we always recommend traders avoid doing business with unregulated CFD brokerages because the risk of falling victim to a scam is quite high. Interested traders may choose from a wide list of legitimate properly regulated brokerages in the UK, or in Australia, as well the EU.